F inland and the helsinki spring 090811
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F inland and the helsinki spring 090811
- 1. Finland, Public Policy and the Helsinki Spring Steve Blank www.steveblank.com Twitter: sgblank Slides: www.slideshare.net/sblank
- 2. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem
- 3. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem Why Should I Care?
- 4. Why Start New Companies in Finland?
- 5. Because Old Ones Die
- 6. Corporate Lifecyclesare Getting Shorter
- 7. Disruption Technology, Globalization, Regulation, Consumer Taste
- 8. Disruption Technology, Globalization, Regulation, Consumer Taste, Competition, etc.
- 9. Job Growth From Existing Companies will decline
- 10. Job Growth Will Come From New Companies
- 11. Job Growth Will Come From New Companies Startups
- 12. Entrepreneurs are Coming to Finland to Start Companies
- 13. First -What’s A Startup? Six Types of Startups
- 19. Total Available Market > €300m
- 20. Can grow to €50/yearScalable StartupBorn to Be Big
- 24. Buyable Startup Search Sell Scalable Startup €3 to e0M Acquisition Goal is to solve for: Internet and Mobile Apps Sell to larger company
- 27. Partner
- 28. Acquire- IP- Talent - Product - Customers - Business
- 31. Partner
- 32. Acquire- IP- Talent - Product - Customers - Business
- 36. Each of these startups require different Government Policies They Can Not Be Built the Same Way
- 37. Scalable Startups Will Provide the Highest Job Growth
- 38. Scalable Startups Will Provide the Highest Job Growth They Require an Ecosystem You Do Not Have
- 40. No funding
- 41. Building product
- 43. mentoring = experience
- 44. networking
- 45. shared office
- 46. small funding ~ €30K
- 47. limited time ~ 6 monthsIncubators Scalable Startup Ecosystem
- 49. searching for a business model
- 50. limited funding ~ €300K
- 51. mentoringIncubators Scalable Startup Ecosystem
- 53. Found a business Model
- 54. Scale
- 55. Multiple rounds of money
- 57. Capital Gains
- 59. Immigration
- 60. Cultural view of Risk and FailureAll actively discourage Scalable Startups Startup Ecosystem Challenges
- 62. Few are willing to change or criticize
- 63. Are on the wrong incentive system
- 64. Missing experienced startup entrepreneurs
- 66. Each of These Steps Must Require Risk For the Entrepreneur and For the Investor
- 67. Public Funding of Private Capital Does Not Work
- 68. Public Funding of Private Capital Does Not Work Each Party Needs to Have Equal Risk
- 69. The Goal of Public Funding Should be to Create a Private Capital Ecosystem
- 70. The Goal of Public Funding Should be to Create a Private Capital Ecosystem Fund and attract experienced Incubators & Venture Capital
- 71. What Is the One Vision of Sitra, Tekes, Aalto, Finnish Technology Industries?
- 72. Find It and Put YourselfOut of Business
- 73. Thank You